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4. The city of College Station wants to make students' lives better around campus by rehabilitating the pavements for the next 10 years. One of

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4. The city of College Station wants to make students' lives better around campus by rehabilitating the pavements for the next 10 years. One of the following alternatives must be selected: (25 pts) 1: The first option is to do a light overlay every year, which costs $100,000 each year the cost incurs at the end of year 1 to year 10). 2: The second one is to do a full-depth reclamation every 5 years which costs $800,000 each time (the cost incurs at the end of year 1 and year 6). The first and second alternatives are expected to reduce the annual user cost by $80,000 and $100,000 respectively What is the benefit to cost ratio when comparing alternative 2 against alternative 1, i.e., AB/C2-1, in a benefit-cost ratio analysis with MARR 6%? Which alternative is more profitable

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